FY2024 EPS Estimates for Phunware Raised by HC Wainwright

Phunware, Inc. (NASDAQ:PHUN) – Stock analysts at HC Wainwright raised their FY2024 earnings per share estimates for Phunware in a report released on Tuesday, November 12th. HC Wainwright analyst S. Buck now forecasts that the company will post earnings per share of ($1.07) for the year, up from their previous forecast of ($1.24). HC Wainwright has a “Neutral” rating and a $6.00 price target on the stock. The consensus estimate for Phunware’s current full-year earnings is ($1.21) per share. HC Wainwright also issued estimates for Phunware’s Q4 2024 earnings at ($0.17) EPS and FY2025 earnings at ($0.52) EPS.

Separately, Ascendiant Capital Markets dropped their target price on shares of Phunware from $20.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday.

Phunware Stock Performance

Shares of NASDAQ:PHUN opened at $5.00 on Thursday. The company has a current ratio of 3.80, a quick ratio of 2.82 and a debt-to-equity ratio of 0.02. Phunware has a 52 week low of $2.85 and a 52 week high of $24.49. The firm’s fifty day moving average is $5.28 and its 200-day moving average is $5.31.

Institutional Trading of Phunware

A hedge fund recently bought a new stake in Phunware stock. Virtu Financial LLC bought a new position in shares of Phunware, Inc. (NASDAQ:PHUN) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,196 shares of the company’s stock, valued at approximately $91,000. Virtu Financial LLC owned approximately 0.12% of Phunware as of its most recent SEC filing. 7.57% of the stock is owned by institutional investors and hedge funds.

Phunware Company Profile

Phunware, Inc, together with its subsidiaries, provides integrated software platform that equips companies with the products, solutions, and services to engage, manage, and monetize their mobile application portfolios in the United States and internationally. The company's products and services include mobile software and application transaction solutions comprise integration of software development kit (SDK) licenses, which consists of analytics that offers data related to application use and engagement; content management that allows application administrators to create and manage app content in a cloud-based portal; alerts, notifications, and messaging, which enables brands to send messages; marketing automation that enables location-triggered messages and workflow; advertising; and location-based services, such as mapping, navigation, wayfinding, workflow, asset management, and policy enforcement.